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Stronghill Capital offers real estate financing options, including loans for commercial mixed-use properties.
Check out this Stronghill Spotlight.
We recently closed a $4,375,000 rate & term refinance of an 18-unit commercial mixed-use property in Clermont, FL. Loan proceeds were used to satisfy a maturing 12-month bridge loan, that the borrower had utilized to acquire the property. The collateral consisted of 52,500 square feet of combined retail, office, and warehouse/flex space and was 100% occupied.
Loan Type: Rate & Term Refinance
Property Type: Commercial Mixed-Use
Loan Amount – $4,375,000
Term: 5-year Fixed Rate
Amortization: 25 years
LTV: 60%
DSCR: 1.29x
Debt Yield: 11.31%
Broker Commission: $43,750
After a local bank failed to deliver on multiple promises to close, Stronghill was able to step in and transition the borrower from short duration high interest debt into long-term fixed-rate financing.
At Stronghill Capital, we always act in the best interest of our brokers and their clients. Discover more about “The Stronghill Advantage” and see how we can help you close more loans by contacting one of our originators today.
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Stronghill Capital, LLC and Stronghill Funding Inc. are separate, but affiliated entities. Stronghill Capital, LLC is licensed in AZ (License #: 1041285), CO (mortgage company registration), FL (License # MLD2333 ), ID (MBL-2082321153), MN (MN-MO-2321153 ), ND (MB104136), SC (MLS – 2321153), SD (License/Registration #: 2321153.ML), and TX (mortgage company license and residential mortgage loan servicer registration). Please visit www.nmlsconsumeraccess.org for more licensing information on Stronghill Capital, LLC. Stronghill Funding Inc. is licensed by the California Department of Real Estate (license no. 02091978) and originates and arranges certain business purpose mortgage loans in the State of California. Stronghill Funding Inc. maintains a registered tradename, “Stronghill Capital”. Stronghill Capital, LLC is not licensed in and does not operate in California. Stronghill Funding Inc. may operate in California as “Stronghill Capital”.
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This is not an offer to lend. All offers of credit are subject to due diligence, underwriting and approval. Not all applicants will qualify and not all applicants that qualify will receive the lowest rate or best terms. Actual rates and terms depend on a variety of factors and are subject to change without notice.
